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Snowflake launches AI Data Cloud for travel and hospitality

by CXO Staff
September 25, 2024
in Business, Industries, News, Retail

Snowflake’s AI Data Cloud for Travel and Hospitality Drives AI Innovation, Enhances Collaboration, and Transforms Customer Experiences

Snowflake launches AI Data Cloud for travel and hospitality

Snowflake has launched the AI Data Cloud for Travel and Hospitality, combining its data platform, AI capabilities, and industry-specific solutions to deliver advanced data insights for the travel sector. The platform empowers airlines, hotels, cruise lines, and travel technology providers to utilise data and artificial intelligence to improve operations and enhance customer experiences.

As the travel and hospitality industry transitions from recovery to growth, businesses face new challenges and opportunities. Snowflake supports this growth by offering a unified platform that simplifies AI and machine learning (ML) development while ensuring top-tier security and governance. This platform democratises data access and allows organisations to make full use of their data with its robust collaboration and scalability features.

Key industry trends and use cases addressed by the AI Data Cloud for Travel and Hospitality include dynamic pricing, sustainability tracking, developer efficiencies, reputation management, and performance advertising. These help businesses streamline operations and unlock new business value. Some of the outcomes organisations can expect to achieve include:

  • Hyper-Personalised Marketing: Snowflake enables privacy-focused marketing campaigns that reduce customer acquisition costs.
  • Improved Customer Experience: The platform helps optimise bots and Interactive Voice Response (IVR) systems, as well as preemptive messaging, which reduces customer churn.
  • Loyalty and Co-Branded Experiences: Modernised customer data management and streamlined partner coordination enhance customer retention and engagement.
  • Reliable and Efficient Operations: The AI Data Cloud improves route optimisation, irregular operations (IROP) management, turn efficiencies, and crew coordination.
  • Maximised Revenue Management: Organisations can optimise dynamic pricing, maintenance, repair, and overhaul (MRO) workflows, and generate new revenue streams to boost profitability.

Snowflake’s extensive partner ecosystem enables seamless data enrichment through the Snowflake Marketplace. This allows businesses to integrate and analyse third-party data sources—such as weather patterns, economic indicators, and global events—alongside their own data, facilitating better-informed decision-making. This is especially valuable in the travel and hospitality industries, where external factors can greatly impact operations and customer behavior.

Whitnee Hawthorne, Global Head of Travel & Hospitality at Snowflake, emphasised the importance of data-driven insights in the industry’s success. “Our AI Data Cloud for Travel and Hospitality provides the tools and capabilities needed to not only keep pace with evolving customer expectations but also to drive innovation and operational excellence in this dynamic and competitive sector.”

Several large travel and hospitality businesses are already leveraging Snowflake’s AI Data Cloud to enhance data access and collaboration. Hyatt’s Vice President of Data Analytics and Strategic Insights, Raymond Boyle, noted that Snowflake enables the company to make data-driven decisions and automate various aspects of its business, ultimately improving guest experiences. Similarly, Rahul Todkar, Head of Data and AI at Tripadvisor, praised Snowflake for unifying the company’s analytics, marketing, and customer insights, while also facilitating secure data sharing and collaboration with other brands in the industry.

Snowflake’s AI Data Cloud is positioned as a comprehensive solution for travel and hospitality businesses to innovate, streamline operations, and drive growth in a rapidly evolving market.

Tags: AI Data CloudhospitalitySnowflaketravel
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